The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-04-27
IA BAD BOGUS INTERVIEW
THE NAME OF A LEADING REP.
RESENTAIIYE OF THE
American Cotton Seed Oil Trust
Outrsgeously and Fatally
Paraded.
HOW MB. 7. X. CHANEY WAS
MADE TO SPEAK
Against Himself and the Corpora
tion In Which He is In
terested.

Mr.. ]. W. Allison, the repressn
tstive in Memphis OF the Couot
Seed Oil Trust, called at the APPEAL
Office yesterday 10 explode the inter
views alleged to have been held witt
Mr.. I. r. CLANCY. AS basis for thil
he presented Telegram from Mr.
CLANCY, received from New Orleans
denying in the strongest terms that n,
had spoken to reporter or anyone in
regard to the Trust. This evidence
was indisputable and convinced the
young man through whose hands il
passed that he hed been trapped. o.
their face the statements alleged tc
have been made by Mr.. CLANCY sp
peared reasonable and fl altering to the
objects, aims and policy OF the Trust
Without careful study the reporter &C.
copied and published them as such
Mr.. Allison, however, pointed out
their true inwsrdness with such
point and force that the in.
tent became plainly apparent. Az
carefully designed and construct.
ed blow at the Trust, the article was q
magnificent conception. Th9 gentle.
man who palmed it off on the reporter
gave evidences OF a degree OF shrewd-
ness only excelled by his mendacity.
Condemning, by vague insinuations,
the policy Of the corporation in one
sentence, the next would contain in
9eniously wofded praise and defense.
So studiously a1d carefully was the
paper prepared that only those thor
oughly familiar with the working, OF
the Trust were able TO detect it's real
purpose. Possibly the most egregious
blunder made by the "interviewer"
was that he had never spoken to Mr..
Chaney. This the APPEAL took for
granted he had done, from the fact
ttat heretofore no doubt ha, been
raised as to his sincerity. Further, he
was several hours behind time, as Mr..
Coant y left for New Orleans Sunday
afternoon, and the conversation was
alleged to have occurred Monday.
From this explanation it will be easy
to understand how the usual safe
guards erected around contributions
we're thrown down and all suspicious
sllayed.
F om what has since been learned
of Mr.. CLANCY he is not a gentleman
to disclose private business affairs to
reporters. The company be repre- sents
does not seek notoriety from newspa
pers, and in many cases have refused
t. give information even whore their
securities would have been enhanced
in value. Instead Of evading direct
answer in regard to the ques ion as to
over issue certificates, Mr.. CLANCY
would have undoubtedly prompt.
ly replied that it was an in
famous lie. Again, instead Of
admitting that a great deal OF
the property purchased by the Trust
in Memphis was paid for with cert6-
Gates of stock, he would emphatically
deny such report. Mr.. Allison as.
serted that every share Of mill stock
bought in this city was paid for in
good, sound dollars. This is doubtless
true in every other instance, as its
methods are plain and univers ally APP
piled, except where other parties in
interest request deviation.
AS for the secrecy" which the IL
geDious representative OF Mr.. CLANCY
says "has grown upon the organize.
tion," there has been no more OF this
than every prudent bueiness operator
frequently finds it advantageous to
throw around bis transactions. And
the charming righteousness OF this adj
mission is only equaled by the allu-
sion to the connection of Mr.. P. D. Ar
mour wi h the 30 called opposition.
This, Mr.. Armour has go frequently
and 80 positive y denied over his own
signature, and in interviews with va
rlous papers, that to quote his own
expressive words accompanying one
of these denials, "life is too short to
reply to such twaddle." The asser-
ton as to the oppression and wreck
age Of opposition mills, and the "half
a loaf" go generously given the mill
owners, would alone brand the inter-
view as utterly false. The Trust has pur.
sued no such methodist has had
a plain, business end ia view and has
quietly and steadily followed it by
business like meth DDS. 1t has claimed
no exclusive rights TO the cotton seed
oil business, bnt has claimed equal
rights in it with all, and where it has
seen an opening for profitable busi-
ness, has gone there for that purpose.
1t has found it more advantageous to
buy out already exciting mills than to
build new ones, simply because in the
crowded condition in which its organ
ization found the business, nearly
every desirable place for mill in the
South was already covered. This
came crowded condition OF the bust
ness had rendered these mills, almost
without exception, improbable, and
their owners were generally glad to
sell them, often at figures very much
less than their original cost. And in
taking advantage of this, and in buy
ing at the lowest figure, can anyone
charge that the Trust has in any way
overstepped the bounds of honorable
trade? That this is true is best shown
by the, fact that the Truss today num-
bers among its officers and employees
and counts as it's warmest friends the
owners and managers Of every single
.uccessful mill in the South almost
without exception; and no less sig
nificant fact in this connection is that
those who are loudest in their denun-
Citations ara generally found to be on
the "short" side OF Trust C rtificates.
And the facts are that the men Of
moderate means" whom this new
Munchausen says the Trust are trying
to drive out of the business, we're at
the organization of the Trust about
already driven out by the very un-
prohtableness OF the business itself,
and were only too glad to have the
Trust relieve them Of their burdens.
In fact it is 80 we'll known as hardly to
need assertion, that the cotton seed
oil business OF the entire South had
for years been 30 Improbable that at
the three last annual meetings
Of the Crushers' Association
an organization composed Of all the
mills OF the South, the principal
point OF discussion was the necessity
OF resorting to just some such expe-
dent to rave the business as a!ler-
ward eliminated in the formation Of
the American Oil Trust. But these
are facts which have already become
ancit MT history, and which have no b.
| inc To do with the fecta of this hcpus